Algorhythm Holdings, Inc.
For the period ended Dec 31, 2025. Filed Apr 2, 2026.
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FY2025 · Filed Apr 2, 2026
RIME$0.08-7.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at December 31, 2025 and 2024
CONSOLIDATED BALANCE SHEETS
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | $1,632,000 | $7,233,000 |
| Restricted cash | 4,514,000 | - |
| Accounts receivable, net of allowances of $113,000 and $127,000, respectively | 1,061,000 | 121,000 |
| Accounts receivable, related party | - | 701,000 |
| Prepaid expenses and other current assets | 729,000 | 59,000 |
| Current assets of discontinued operations | - | 8,649,000 |
| Total Current Assets | 7,936,000 | 16,763,000 |
| Property and equipment, net | 22,000 | 2,000 |
| Other non-current assets | 79,000 | - |
| Intangible assets, net | 2,005,000 | 345,000 |
| Goodwill | 2,682,000 | 786,000 |
| Non-current assets of discontinued operations | - | 406,000 |
| Total Assets | $12,724,000 | $18,302,000 |
| Liabilities and Shareholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable | $1,413,000 | $387,000 |
| Accrued expenses | 1,556,000 | 1,746,000 |
| Other current liabilities | 69,000 | - |
| Warrant liability | - | 16,603,000 |
| Promissory notes payable, net | 9,102,000 | 50,000 |
| Current portion of notes payable to related parties | 2,300,000 | 265,000 |
| Current liabilities of discontinued operations | - | 9,387,000 |
| Total Current Liabilities | 14,440,000 | 28,438,000 |
| Long-term provision for employee benefits | 144,000 | - |
| Notes payable to related parties, net of current portion | - | 385,000 |
| Total Liabilities | 14,584,000 | 28,823,000 |
| Commitments and Contingencies | - | |
| Shareholders’ Equity (Deficit) | ||
| Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding at December 31, 2025 and December 31, 2024 | - | - |
| Common stock, $0.01 par value; 800,000,000 and 100,000,000 shares authorized; 3,414,542 and 470,825 shares issued and outstanding at December 31, 2025 and December 31, 2024 | 35,000 | 5,000 |
| Additional paid-in capital | 65,674,000 | 39,682,000 |
| Accumulated other comprehensive loss | (25,000) | - |
| Accumulated deficit | (65,043,000) | (49,172,000) |
| Non-controlling interest | (1,743,000) | (1,036,000) |
| Treasury stock, 10,990 and -0- shares reserved at December 31, 2025 and December 31, 2024 | (758,000) | - |
| Total Shareholders’ Deficit | (1,860,000) | (10,521,000) |
| Total Liabilities and Shareholders’ Deficit | $12,724,000 | $18,302,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.